Teppo Felin

 twitter @teppofelin


rationality, search, markets, human perception, theory-data links, organization design, strategy


2021 - present, Douglas D Anderson Endowed Professor, Huntsman School of Business, USU 

2021 - present, Founding Director, Institute for Interdisciplinary Study

2021 - present, Fellow, 
University of Oxford

2013 - 2021, Professor of Strategy, Saïd Business School, University of Oxford

2015 - 2016, Academic Area Head (for Strategy, OT, IB & Marketing faculty), Saïd Business School, University of Oxford

2016 - 2021, Director of Oxford Diploma in Strategy & Innovation

2016 - 2021, Board Member, Oxford Centre for Corporate Reputation, University of Oxford

prior to Oxford, I held faculty appointments at the Marriott School, BYU & Goizueta Business School, Emory University


Caryn Devins 
law [html]

George F.R. Ellis
mathematics, physics [html]

Stuart Kauffman 
theoretical biology [html]

Jan Koenderink 
physics, computer vision [html]

Joachim Krueger 
psychology [html]

Denis Noble 
biology [html]

Photo taken in Copenhagen, 2010


Foundations of Strategy, 
Seminar, University of Oxford, 2013-2020

Behavioral Decision Making, MBA, 
University of Oxford

Blockchain Strategy, Online Oxford Course, 2017-2020

MBA and EMBA Strategy Foundations, University of Oxford, 2013-2016

Executive Strategy, Oxford Diploma in Strategy and Innovation, 2015-2021


Academy of Managem
ent Annals, Associate Editor, 

Academy of Management Review, Editorial Board, 

Strategic Organization
Co-Editor, 2013-2016

` Co-editor of special issues of 
Organization Science
Managerial and Decision Economics, Research in the Sociology of Organizations, etc

Photo I took in Puerto Rico - cover of 
journal in March 2008


Felin T & Kauffman S (2021). 
The search function and evolutionary novelty. Oxford University Press. Forthcoming

Felin T, Koenderink J, Krueger J, Noble D & Ellis GFR (2021b). 
Data bias. Genome Biology. [html]

Felin T, Gambardella A & Zenger T (2021). Value lab: A tool for 
entrepreneurial strategy. 
Management & Business Review. 

Felin T, Koenderink J, Krueger J, Noble D & Ellis GFR (2021a). 
The data-hypothesis relationship.
Genome Biology. [html]

Felin T & Felin M (2021). 
Seeking rationality: $500 bills 
and perceptual obviousness. 
Handbook of Bounded Rationality.

chapters also by Dan Sperber, G Gigerenzer, Cristina Bicchieri, Cass Sunstein, Phil Johnson-Laird, Nancy Nersessian, Paul Thagard, Richard Nelson, etc

Felin T, Kauffman S & Zenger T (2020). Microfoundations of resource search. Working paper

Felin T, Gambardella A, Stern S & Zenger T (2020). Lean startup 
and the business model: Experimentation revisited. 
Long Range Planning. [open access] 


Felin T, Felin M, Koenderink J 
& Krueger J (2019). On surprise-hacking. Perception. [open access pdf]

Chater N, Felin T, Funder D, Gigerenzer G, Koenderink J, Krueger J, Noble D, Nordli S, Oaksford M, Schwartz B, Stanovich K & Todd P (2019). Mind, rationality and cognition: An interdisciplinary debate. Psychonomic Bulletin & Review. [html] [pdf]


Felin T & Foss N (2019). Microfoundations for institutional theory? Research in the Sociology of Organizations. 

Felin T & Lakhani K (2018). What problems will you solve with blockchain? MIT Sloan Management Review. [html]

Felin T & Zenger T (2017). The theory-based view: Economic actors as theorists. Strategy Science. [html] [pdf]


Felin T, Koenderink J & Krueger J (2017). Rationality, perception, 
and the all-seeing eye. Psychonomic Bulletin & Review. [html] [pdf]

Devins C, Felin T, Kauffman S & Koppl R (2017). The law and big data. Cornell Journal of Law & Public Policy. [html]

Hallberg N & Felin T (2017). Untangling infinite regress and the origins of capability. Journal of Management Inquiry.

Felin T & Zenger T (2017). What sets breakthrough strategies apart. MIT Sloan Management Review. 

Felin T, Lakhani K & Tushman M (2017). Firms, crowds, and innovation. Strategic Organization.  


Felin T & Zenger T (2016). 
Strategy, problems and a theory for the firm. Organization Science.

Felin T, Kauffman S, Mastrogiorgio A & Mastrogiorgio M (2016). Factor markets, actors and affordances. Industrial & Corporate Change. [html]

Felin T (2016). When strategy walks out the door. MIT Sloan Management Review. [html]


Stirling W & Felin T (2016). Satisficing, preferences and social interaction: A new perspective. 
Theory & Decision. [html]

David R, Felin T, Langley A, Rowley T, Verona G (2016). The strategic organization of strategic management scholarship. Strategic Organization.

Koppl R, Kauffman S, Felin T & Longo G (2015b). Economics for a creative world: A response to comments. Journal of Institutional Economics.

Felin T, Foss N & Ployhart R (2015). Microfoundations movement in strategy and organization theory. Academy of Management Annals.

Koppl R, Kauffman S, Felin T & Longo G (2015a). Economics for a creative world. Journal of Institutional Economics.

this paper received the 2016 Elinor Ostrom Prize [html]

Felin T (2015). Valve Corporation: Strategy tipping points and thresholds. Journal of Organization Design. [html]  

commentary on article by Phanish Puranam and Dorthe Håkonsson.[html]

Devins C, Koppl R, Kauffman S & Felin T (2015). Against design. 
Arizona State Law Journal[html]

responses to this article by:
Steven Calabresi [pdf], 
Sanford Levinson [pdf], Vernon Smith [pdf]

Felin T, Kauffman S, Koppl R & Longo G (2014). Economic opportunity and evolution: Beyond landscapes and bounded rationality. Strategic 
Entrepreneurship Journal. [html

Mark Buchanan discusses this paper in Nature Physicssee here

Felin T & Zenger T (2014). Closed or open innovation? Problem solving and the governance choice. Research Policy. [open access]

Barney J & Felin T (2013). What are microfoundations? Academy of Management Perspectives. [pdf]

Argyres N, Felin T, Foss N & Zenger T (2012). Organizational economics of capability and heterogeneity. Organization Science. [html]

Felin T (2012). Cosmologies of capability, markets and wisdom of crowds. Managerial & Decision Economics. [html]

interdisciplinary special issue with contributions from David Sumpter, Scott Page, Robb Willer, Claudio Castellano, Peter Leeson, Bruno Frey, Margit Osterloh and others. 

Felin T & Foss N (2012). The (proper) microfoundations of routines and capabilities: a response to Winter, Pentland, Hodgson and Knudsen. 
Journal of Institutional Economics. [pdf]

Felin T & Foss N (2009). Performativity of theory, arbitrary conventions, and possible worlds: a reality check. Organization Science. [pdf] [html]

Felin T & Zenger T (2009). Entrepreneurs as theorists: on the origins of collective beliefs and novel strategies. Strategic Entrepreneurship Journal. [pdf] [html

Felin T, Zenger T & Tomsik J (2009). The knowledge economy: emerging organizational forms, missing microfoundations and key considerations for managing human capital. Human Resource Management.

Abell P, Felin T & Foss N (2008). Building microfoundations for the routines, capabilities, and performance links. Managerial & Decision Economics. [pdf] [html]

Felin T & Hesterly W (2007). The knowledge-based view, nested heterogeneity, and new value creation: philosophical considerations on the locus of knowledge. Academy of Management Review. [pdf] [html]

Felin T & Foss N (2006). Individuals and organizations: thoughts on a microfoundations project for strategic management and organizational analysis. Research Methodology in Strategy and Management.

Felin T & Foss N (2005). Strategic organization: a field in search of micro-foundations. Strategic Organization. [pdf]


working on Future of Industrial Strategy research project with Julian Allwood & U of Cambridge Engineering (total EPSRC funding  £5 million) - details here and here
 The fallacy of obviousness | Aeon


Strategy: A Very Short Introduction
book under contract with Oxford 
University Press

co-founder of "Foundations of Value & Values"-initiative, housed @ Blavatnik School, Oxford Univ -  faculty group now includes Ruth Chang, Paul Collier, George Ellis, Cecilia Heyes, Colin Mayer & Denis Noble

Aug 2019: presented at conference celebrating Stu Kauffman's work, Santa Fe Institute [html] - talk titled "Mind and Economy"

co-taught (with Nir Vulkan) online Oxford Blockchain Strategy course [html] 2017-2020

May 2019: London50 conference - debate about the concept of ecosystems with Gary Dushnitsky

March 2019: Utah Winter Strategy Conference [html] - "state of field" panel presentation with Jay Barney and Joanne Oxley

Oct 2018: open innovation conference, UC Berkeley

Jan 2019: strategy for startups and SMEs, Strategy Insight Lab project [html] - with Arnaldo Camuffo, Alfonso Gambardella, Elena Novelli, Chiara Spina

I collect Nordic-Finnish Modern Art - here's a piece by Carl Wargh (1968) "Seashore I" 


June 2018: Strategy Science 
conference at Wharton, UPenn [html] - panel with Arnaldo Camuffo, Alfonso Gambardella, Todd Zenger and Scott Stern

BBC interview related to big data, artificial intelligence and the fallacy of obviousness [html]


April 2018: Big Data symposium [html]

interview with Geoff Mulgan at the Oxford Literary Festival: book Big Mind (Princeton U Press) [html]

"Creating a hive mind" - blurb about some of my research, written by Rob Brown [html]

speaking at Edith Penrose book launch in Oxford, 16 Nov 2017 [html]

EconTalk podcast with Russ 
Roberts (Hoover, Stanford Univ): Blindness, rationality, 
and perception [html]


Sept 2017 Strategy Science conference at Apple, Cupertino, CA: origins of great strategy [html]

Sept 2017 plenary with Nick Chater and Adam Oliver: behavioral science and public policy [html]

90 mile Oxford-Cambridge charity bike ride, British Heart Foundation [donate here]


come join our DPhil (PhD) program here in Oxford next year [pdf brochure]


Felin T & Powell T (2016). 
Designing organizations for 
dynamic capabilities. California Management Review. [html]

Devins C, Koppl R, Kauffman S & Felin T (2016). Still against design: A response to Steven Calabresi, Sanford Levinson and Vernon Smith. Arizona State Law Journal. [pdf]

Felin T (2015). A forum on minds and institutions. Journal of Institutional Economics. [html] 

intro to forum with papers by Cass Sunstein & Reid Hastie and Giovanni Dosi & Luigi Marengo

Abell P, Felin T & Foss N (2014). Microfoundations of Social Theory: A Response to Jepperson and Meyer. Sociologica. [html]

Stirling W & Felin T (2013). Game theory, conditional preferences and social influence. PLoS ONE. [html]


Felin T & Knudsen T (2012). A theory of nascent entrepreneurship and organization. Managerial & Decision Economics. [pdf] [html

Felin T, Foss N, Heimeriks K & Madsen T (2012). Microfoundations of routines and capabilities: individuals, processes and structures. Journal of Management Studies.

Stirling W, Giraud-Carrier C & Felin T (2012). A framework for the design and synthesis of coordinated social systems. 
Social Informatics.

Felin T & Foss N (2011). The endogenous origins of experience, routines and organizational capabilities: the poverty of stimulus. Journal of Institutional Economics. [pdf] [html]

Felin T & Zenger T (2011). Information aggregation, matching, and radical market-hierarchy hybrids. Strategic Organization.
[pdf] [html]

Zenger T, Felin T & Bigelow L (2011). Theories of the firm-market boundary. Academy of Management Annals. [html] [pdf]

Abell P, Felin T & Foss N (2010). Causal and constitutive relations and the squaring of coleman's diagram: reply to Vromen Erkenntnis. [html] [pdf]

Felin T & Foss N (2009). 
Social reality, the boundaries of self-fulfilling prophecy, and economics. Organization Science. [pdf] [html]

response by Ferraro, Pfeffer & Sutton. How and why theories matter: a comment on Felin and Foss [see here]; editor introduction [see here]

Felin T & Foss N (2009). Organizational routines and capabilities: Historical drift and a course-correction toward microfoundations. Scandinavian Journal of Management. [html]

King B, Felin T & Whetten D (2009). Comparative organizational analysis. Research in the Sociology of Organizations. [pdf]

review of volume by P Foreman in Administrative Science Quarterly (2010)

Felin T & Spender JC (2009). An exchange of ideas about knowledge governance: seeking first principles & microfoundations. In Knowledge Governance, edited by Foss et al. Oxford University Press.

King B, Felin T & Whetten D (2010). Finding the organization
 in organization theory: a meta-theory of the organization as social actor. Organization Science. [pdf] [html

Whetten D, Felin T & King B (2009). Theory-borrowing in organizational studies. Journal of Management. [pdf] [scribd]